To

Mayor and Council

Subject

Quit Claim Deed

Initiator

City Manager's Office

Recommendation

Authorize the City Manager to execute a Quit Claim Deed to Lake Bottom \n \n Properties, LLC for easements to the property locate at 2006 and 2010 Newton \n \n Street (Parcel 1517) both owned by Lake Bottom Properties, LLC and near the \n \n corner of Veterans Parkway (see attached map).

Approval

Approved

Background

Lake Bottom Properties, LLC is requesting that the City execute a Quit Claim

Deed for all rights, title and interest the City may have in the easements to

the property at 2006 and 2010 Newton Street (Parcel 1517) and near the corner

of Veterans Parkway to allow for full potential develoment of the properties.

Analysis

The Engineering Department has examined the properties and has no objection to

abandoning a portion of the easements. Written confirmation has been received

from all public utilities stating there are no active utilities located on said

easements. A building will be constructed on said properties with all offsite

water that flows into the drainage structures remaining in place and with a

Slope Easement near Veterans Parkway showing the Right-of-Way on the DOT?s

construction plans, that could not be relinquished (see attached map).

Financial Considerations

N/A

Projected Annual Fiscal Impact Statement

Legal Considerations

Council must approve the execution of a Quit Claim Deed.

Recommendations/ Actions

Authorize the City Manager to execute a Quit Claim Deed to Lake Bottom

Properties, LLC.

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